REGISTERED NUMBER: 06525508 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2018

FOR

KEITH ALDERSON LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K R Alderson

Mrs J E Alderson

SECRETARY:

Mrs J E Alderson

REGISTERED OFFICE:

12 Sydney Cottage Drive

Bridgnorth

Shropshire

WV16 4PP

REGISTERED NUMBER:

06525508 (England and Wales)

ACCOUNTANTS:

Stanton Ralph & Co Limited

Chartered Accountants

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

FIXED ASSETS

13,893

Intangible assets

4

-

10,714

Tangible assets

5

14,674

24,607

14,674

CURRENT ASSETS

9,820

Stocks

11,120

87,626

Debtors

55,696

102,548

Cash at bank and in hand

138,443

199,994

205,259

CREDITORS

133,983

Amounts falling due within one year

104,502

66,011

NET CURRENT ASSETS

100,757

90,618

TOTAL ASSETS LESS CURRENT LIABILITIES

115,431

2,036

PROVISIONS FOR LIABILITIES

2,495

88,582

NET ASSETS

112,936

CAPITAL AND RESERVES

100

Called up share capital

100

88,482

Retained earnings

112,836

88,582

SHAREHOLDERS' FUNDS

112,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20th July 2018 and were signed on its behalf by:

Mr K R Alderson - Director

Mrs J E Alderson - Director

1.	STATUTORY INFORMATION

Keith Alderson Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2017

and 31st March 2018

138,894

AMORTISATION

At 1st April 2017

125,001

Amortisation for year

13,893

At 31st March 2018

138,894

NET BOOK VALUE

At 31st March 2018

-

At 31st March 2017

13,893

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2017

40,922

Additions

9,732

At 31st March 2018

50,654

DEPRECIATION

At 1st April 2017

30,208

Charge for year

5,772

At 31st March 2018

35,980

NET BOOK VALUE

At 31st March 2018

14,674

At 31st March 2017

10,714

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2018 and

31st March 2017:

31.3.18

31.3.17

as restated

£

£

Mr K R Alderson

Balance outstanding at start of year

13,571

46,348

Amounts advanced

39,650

58,538

Amounts repaid

(56,239

)

(91,315

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,018

)

13,571

Mrs J E Alderson

Balance outstanding at start of year

25,198

59,779

Amounts advanced

35,166

61,993

Amounts repaid

(56,208

)

(96,574

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,156

25,198

No interest has been charged on the loans during the year.